Scottish Baroness to Fail to Conduct ICO

EQUI Capital, founded by Scottish Baroness Michelle Mone, raised only $7M with $80M hardcap
06 September 2018   2181

The investment platform EQUI Capital, founded by Scottish baroness Michelle Mone and businessman Doug Barrowman, failed to attract the desired $ 80 million during the ICO. According to the Coin Insider, even despite the extension of the deadline for the project, the project did not overcome the $ 7 million sum raised at the preselling stage.

In addition, the bounty promoters who promoted ICO in social networks and on other online sites stood against the company's leaderships. However, the founders of EQUI Capital proposed to solve this issue with the supervising bounty program by the company AmaZix.

Lady Mone has been mega busy in Silicon Valley dealing with our new founder so, to be honest she doesn’t have the time to be involved by Bounty people complaining over nothing. If they need to complain they should do this to the agency who hired them in the first place and not EQU.
 

Baroness' Representative

Meanwhile, in August, the official EQUI Capital blog announced the transformation of the company into an international one and announced the launch of the project under the EQUI Global brand with a new co-founder. As it turned out later, he was co-founder of Apple Steve Wozniak. 

By the idea of Michel Mon, Equi, based of Ethereum was supposed to "iencourage women to invest in tech".

Earlier, the baroness lit up in yet another cryptoproject - the construction of a residential complex in Dubai for $ 325 million, an apartment in which it was planned to sell for bitcoins.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   905

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 

 

Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.